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Being a private company or a government deductor, you would always be required to import and match your TDS challan status (TIN NSDL challan status) at the time of filing quarterly TDS or TCS returns. You can do the same by making TRACES login to your account.
OLTAS, or Online Tax Accounting System, is the initiative of the Income Tax Department. It is a system for collecting, accounting, and reporting of receipts and payments of direct taxes both online and through a network of bank branches.It is for all types of taxpayers.
Challans are the prescribed forms used for making tax payments. Different challans have been prescribed depending upon the nature of tax payments. For eg
For making payment of taxes, a prescribed document known as challan needs to be filled. It is available at
And the payment can be made either
For making online payments, one needs to have net banking or debit cards from authorized banks.
You can submit the hard copies of the OLTAS challan together with the amount payable at physical bank counters.
Following things should be taken care of while filling up the OLTAS challan, such as
To view the OLTAS challan on TRACES, you need to
Step#1 Do the OLTAS login at the TRACES website. Enter the requisite user id, PAN/TAN, password, etc.
Step#2 Go to Statements or Payments Menu and Click on Challan Status.
Step#3 Select CIN or BIN.
Step#4
In the context of Online Tax Accounting System (OLTAS) in India, the terms "Claimed" and "Unclaimed" refer to the status of tax payments made through challans. Here's the difference between these two statuses:
Claimed:
Unclaimed:
In practical terms, if you see "Claimed" next to a particular challan in your OLTAS status, it means that the tax payment you made through that challan has been successfully processed and used by the government. Conversely, if you see "Unclaimed," it indicates that the payment has not been utilized as of the current status update.
If you notice an "Unclaimed" status for a challan that you believe should have been utilized, it's advisable to contact the relevant tax authority or department to inquire about the issue and seek resolution. They can provide information on the specific reasons for the unclaimed status and help you address any discrepancies or concerns.
It is a table showing the various transactions when a specific challan was claimed/consumed. The following information can be extracted from this table of challan consumption
| Challan Consumption Table | Status of Challan |
|---|---|
| Amount Claimed = Challan Balance available | Fully Consumed |
| Amount Claimed < Challan Balance available | Partially Consumed |
| Amount Claimed = 0 | Matched |
| Amount Claimed > Challan Balance available | Over Booked |
By providing the
Deductor can view particulars of all the challans that have been used in the TDS return/statement for the period.
No communication to the Jurisdictional Assessing Officer is required to be made in case of wrong selection of section code by the tax depositor. The CPC-TDS considers the nature of payment on the basis of TDS returns and not on the basis of challan particulars.
Even if you so wish to amend the details of the challan, it is suggested to file a correction statement through OLTAS.
Yes, a single challan can be filed for TDS payments to be made under different section. The nature of payment in an OLTAS challan can have multiple selections.
At the time of filling up TDS challan payment i.e. challan 281 select Minor head – 400.
Deductor can make a correction using the service‘ Request for Correction’ on traces. A deductee row can be moved from one challan to another within a quarter if the balance is available. In case the challan is not available in the same quarter or return, changes in respect of the same are first required to be done. After that, deductee rows can be moved from one challan, i.e., overbooked challan, to another challan.
To check the list of authorized banks, you are required to first visit www.Tin-nsdl.com. Now, under the services tab, select OLTAS. Further, select the icon of bank branches. A page will open up; click on the state and select the location for which you want to check available bank branches. A list of all authorized banks in the region will open up.
The authorized bank will put a stamp as a token of acknowledgment of the tax amount on the challan. You should take two copies of the printed challan and get both acknowledged to be preserved for future reference. The rubber stamp affixed indicates a unique CIN (Challan Identification Number). CIN is a 20-digit number. It comprises
CIN is unique throughout the country and hence is used for identification purposes of the challan.
To check Unclaimed challan in Traces, all you need to do is to log in to your traces account, select OLTAS challan status from the drop-down list of Statement/payments, provide the period of payment or date of OLTAS challan, and it will appear after clicking on the go.
After making the tax payment using Challan 280, a tax receipt shall be generated. The BSR code and challan serial number are displayed on the right side of the OLTAS challan.
Login at Traces (www.tdscpc.gov.in). Click on Dashboard and Check 'List of Unconsumed Challans'.
The bank branch which collects the payment will put a rubber stamp on the OLTAS challan and its counterfoil indicating a unique Challan Identification Number (CIN), the date of deposit, and the challan serial number in 5 digits.
Go to https://tin.tin.nsdl.com/OLTAS/index.html. Click on either CIN based view or TAN based view. Fill in the required details and submit to view advance tax status.
